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You probably live in one of the less corrupt countries in the world, where the public record the ownership you hold over your house won’t disappear over night.

You probably live in one of the less corrupt countries in the world, where the public record the ownership you hold over your house won’t disappear over night. More than 4 billion people don’t, and even those of us who do, should probably use our non-corrupt climate to implement these anti-corruption use cases while our political leadership isn’t corrupt. I mean, even if we never turn to corruption it’s infinitely easier to implement when you don’t need it. Aside from that private sectors like container shipping desperately need a secure and global way to authenticate container ownership. Shipping the piece of paper that will let you pick up a container at a dock is currently more expensive than shipping the container itself, because anyone with that paper can steal your stuff. Or what about making sure consumers know that they are actually buying your brand and not a copy? That being said, most of those use cases won’t be decentralized. Maersk isn’t going to utilize public nodes, they’ll run their own.

sharemywin 9y ago
So, you don't think there will be a set of various orgs (like w3c is to html) that manage the protocols.
qwerty456127 9y ago
> You probably live in one of the less corrupt countries in the world, where the public record the ownership you hold over your house won’t disappear over night. In sufficiently corrupt countries they don't even have to disappear, they just can be either ignored easily or proclaimed illegitimate. A blockchain record saying you own something means nothing in countries where these are not legally recognized and I don't know any where they are (but Estonia, perhaps) and especially in corrupt countries where police and judges do whatever they are told by particular people rather than the law, the evidence or whatever. Also, a person can just come and beat the secret key out of you and submit whatever transactions he wants to the actual blockchain in countries like that.
- phoneboy 9y ago
  I understand that even Estonia requires a manual process, with two witnesses at site to a property transaction. Then the question becomes how you digitize this on the blockchain?

sharemywin 9y ago

So, you don't think there will be a set of various orgs (like w3c is to html) that manage the protocols.

qwerty456127 9y ago

> You probably live in one of the less corrupt countries in the world, where the public record the ownership you hold over your house won’t disappear over night. In sufficiently corrupt countries they don't even have to disappear, they just can be either ignored easily or proclaimed illegitimate. A blockchain record saying you own something means nothing in countries where these are not legally recognized and I don't know any where they are (but Estonia, perhaps) and especially in corrupt countries where police and judges do whatever they are told by particular people rather than the law, the evidence or whatever. Also, a person can just come and beat the secret key out of you and submit whatever transactions he wants to the actual blockchain in countries like that.

phoneboy 9y ago
I understand that even Estonia requires a manual process, with two witnesses at site to a property transaction. Then the question becomes how you digitize this on the blockchain?